quantguy

quantguy

The US dollar has retraced from highs, but appears to be continuing a broad sideways correction. We have added two new technical levels at 103.24 and 104.00, the latter being a psychological level as well. We are currently seeing good support from 103.29, confirmed by a green triangle on the KRI, but if that does not hold, then 102.86 should hold. After that,...

quantguy

As predicted yesterday, stocks broke down hard. Recall that we observed that the breakout from the inverse head and shoulders pattern in the S&P 500 was looking extremely weak. This is usually a very bad sign and portends a dramatic failure. Indeed, we note only rejected current levels but completely retraced the entire pattern, currently finding support at...

quantguy

Litecoin has been edging up, but is facing strong resistance at $73.62 confirmed by multiple red triangles on the KRI. The Kovach OBV is moving up steadily, suggesting that we may be building up for a breakout. If we are able to break out, we must first clear $77.39, before considering the $80's again. If resistance proves to be too much, then $66.94 will...

quantguy

Ethereum has been consolidating notably, since it caught a burst of momentum from lows. We saw immediate resistance around $2200 and $2100 confirmed by multiple red triangles on the KRI. We mentioned that we could be forming a bull wedge pattern or a flag pattern, and the fact that volatility has consolidated so considerably portends a breakout soon either way. ...

quantguy

Bitcoin is maintaining a very narrow range just under $30K. Volatility has consolidated considerably, with lows edging up from $27K to $29K. We identified a bull wedge pattern with upper bound at $30K or so for the past few reports. This could suggest that Bitcoin is read for a breakout, but we have signficant resistance confirmed by multiple red triangles on...

quantguy

The S&P 500 had a very humble breakout from the inverse head and shoulders pattern we identified yesterday. Recall that we noted an inverse H&S pattern with a neckline at 4068. We suggested that if it broke out from this, we could easily test the 4100's. We did see a bit of a bounce past 4068, but nowhere near the momentum we'd expect from a breakout. Indeed,...

quantguy

Gold has rejected $1836, and has made its back down to the value area we identified earlier. Recall that $1795 to $1815 was a range held by gold in the past. We suggested that if it did not have the strength to break out into the upper $1800's or the $1900's, it was likely to return to this range. After rejecting $1836, we fell straight through $1826, and broke...

quantguy

Litecoin seems to have found stability in the $70's, bounded from above by $73.62. We appear to be seeing a bull wedge pattern forming as observed in other crypto assets. If we are able to breakout from here, the first level of resistance is $77.39, then our ultimate target is $85.08. We have a way to go before recovering to the $100's, but this will be a good...

quantguy

Ethereum has found support and is forming a consolidation pattern in the low $2K handle. We are seeing potentially a bull wedge pattern forming with an upper bound around $2143. The Kovach ObV is picking up, so there is the potential for a breakout to take us back to the $2200's or so. If we are able to solidify this, the next major target is $2402. We are...

quantguy

Bitcoin has found stability in the upper $29K handle. It has just now been able to recover $30K and is hanging onto this level by a thread. We do appear to be seeing a bull wedge forming and the Kovach OBV has been steadily climing, suggesting a breakout may be near, especially if we see a rally in stocks today. If we do breakout, then $32K is the first level...

quantguy

Oil has kept steadily rising, blasting through our profit targets. We smashed through $106, then $108, then appeared to stabilize for a bit under $113. But yesterday, we were able to break that level too. We are currently hovering under $116, finding resistance just under this level confirmed by two red triangles on the KRI. The Kovach OBV has picked up...

quantguy

Stocks appear to be forming the inverse head and shoulders pattern that we predicted would form yesterday. The "head" of the pattern extends down to the low 3900's with the neckline at 4068. We are seeing resistance from 4068 confirmed by several red triangles on the KRI, but if we are able to break out from here, then the 4100's are reasonable, in particular...

quantguy

Litecoin has recovered from lows around $55, and made a run back to the $70's. We have rejected $73.62 twice confirmed by two red triangles on the KRI. The Kovach OBV has drifted up, but still has a way to go before being considered properly 'bullish'. We must break $73 and $77 before considering higher levels. If we are able to do this, then $85.08 is the...

quantguy

Ethereum has been inching up after it tested lows in the $1700's. We noted that the $1700's should hold strong as this corresponds to a significant Fibonacci level on the daily charts. After stabilizing here, we made an immediate run back to $2000 where we are currently finding resistance at $2100 or so. In particular $2143 has thwarted two attempts at higher...

quantguy

Bitcoin appears to have bottomed out for now at $25K, making a rebound over the weekend to test $30K. We made it to our level at $31K or so before a retracement took us back to the high $29K's. The Kovach OBV appears to have bottomed out as well, and is gradually inching back up. If we break through $31K, then we will likely find resistance in the $34K's. If...

quantguy

Stocks have gotten support from the $3900's and have recovered the 4K's. We broke out past 4009, to come just short of 4068, before meeting resistance confirmed by two red triangles on the KRI. Currently, we are pulling back a bit, but still seem to have good support at 4K. Asian shares crumbled yesterday off extremely weak retail sales figures , so be mindful...

quantguy

As anticipated Friday, Gold fell through support at $1815, and fell through the vacuum zone to $1795. We actually dipped a bit further, to test support in the $1780's before equilibrating back at $1795. We were confident that this would happen since the range between $1795 to $1815 was a previous value area respected last year. However the Kovach OBV is still...

quantguy

Litecoin has continued a rally after smashing through lower levels, testing the $50's. We found support at $55.84, confirmed by a green triangle on the KRI. We were able to reestablish the $60's after that, breaking through $66.94, then making a run for $73.62. We are currently just shy of this level, hovering about $72 or so at the time of this writing. We...